The largest Bitcoin miners have published their monthly performance figures for the first time since the Bitcoin network’s fourth halving event last month. The TLDR is that the impact of the halving on the mining industry has been small thus far but still noticeable. Here’s everything you need to know. Bitcoin Miners Still Performing Post-Halving...
iPhone maker Apple, Inc. (AAPL) is said to be working on designing and producing its own Artificial Intelligence-powered chips to run AI software on servers at its data centers, according to a Wall Street Journal report on Tuesday. The company, until now known for its iPhones, iPads, and Macs, is reportedly working with Taiwan Semiconductor...
Bancolombia Group, Colombia’s largest bank, launched the cryptocurrency exchange Wenia on May 3, marking a major step in the country’s crypto evolution. According to the announcement, the development follows nearly a decade of research and signifies the bank’s dedication to Colombia’s crypto market. Colombia’s Wenia and COPW Wenia, alongside the newly introduced Colombian peso stablecoin...
US spot Bitcoin ETFs saw a net inflow of $217 million on May 6th, according to data from SoSoValue. This surge comes after a period of massive outflows, with Grayscale’s GBTC trust still experiencing a historical net outflow of $17.4 billion since its inception. GBTC Sees Inflows on Second Consecutive Day Grayscale’s GBTC did manage...
Canadian stocks are turning in a mixed performance on Tuesday with investors digesting a slew of earnings announcements, and making largely cautious moves. The benchmark S&P/TSX Composite Index is up 79.37 points or 0.36% at 22,338.84 a few minutes past noon. On the economic front, the Ivey Purchasing Managers Index in Canada surged to 63...
One in five voters in key states believe that cryptocurrencies are a critical issue in the 2024 US elections amidst Donald Trump and Joe Biden’s race for the presidency, according to Digital Currency Group (DCG) Tuesday report. “Crypto Attitudes in Swing States” report, released in collaboration with global consulting firm The Harris Poll, revealed that...
Bitcoin failed to continue its upward trend despite multiple supporting factors, such as a bearish US dollar and a dovish stance from the Federal Reserve. BTC lost some of its gains, dropping to around $63,400 and hitting an intraday low of $62,961. Although Bitcoin began the week on a bullish note after dipping to a...
European stocks closed notably higher on Tuesday, lifted by some strong earnings updates, encouraging economic data, and optimism about interest rate cuts by some major central banks in the second quarter of the year. The pan European Stoxx 600 climbed 1.14%. The U.K.\'s FTSE 100 gained 1.22%, Germany\'s DAX advanced 1.4% and France\'s CAC 40...
The German state-owned bank Kreditanstalt für Wiederaufbau (KfW) announced on May 6 that it will launch its first blockchain-based digital bonds. The move signifies a major step towards adopting blockchain technology within traditional financial institutions in Germany. The KfW bank official press release stated that the forthcoming blockchain-based digital bond would be issued as crypto...
The Canadian dollar declined against its most major counterparts in the New York session on Tuesday. The loonie touched 1.4774 against the euro, its lowest level since March 19. The loonie touched 1.3717 against the greenback, setting a 5-day low. The loonie eased to 0.9065 against the aussie, from an early 4-day high of 0.9016....